Brothers and sisters, yesterday Bitcoin reversed to look bearish. Are you all drooling now?

The price is testing the bottom at 86,000, stopping the decline and rebounding, with the highest rebound at 88,000. The current price is in a bottoming oscillation downward trend.

The four-hour timeframe shows a short-term rebound after testing the bottom, with decreasing bearish volume, but the price remains within the middle and lower bands. The middle band in the short term serves as a resistance point. To confirm an entry signal, we need to see whether the middle band can withstand the pressure of this pullback and rebound.

The daily chart shows five consecutive bearish candles accompanied by small bullish candles and doji stars, continuing a large bearish engulfing pattern. The bears are increasing volume significantly. From a higher timeframe perspective, the trend still needs to continue downward, so for the current low-level oscillation, we maintain a primarily short position with auxiliary support.

During the day, we can continue to look for bearish opportunities around the 88,300-88,500 resistance zone, with the target further down to 86,500. If the price breaks below and stabilizes, we will look at the 84,000 support zone#BTC #ETH